At heart, the Euro is a funding currency. Investors are using it as a vehicle to operate in other asset classes. Look no further than the performance of inverse EURUSD (USDEUR on the chart) versus the German DAX since the middle of September 2014 - right after the ECB pushed its interest rate corridor into negative territory.
See the "link to related ideas" below for the rest of the note.
See the "link to related ideas" below for the rest of the note.